Six Flags Entertainment Q3 Earnings: Revenue Beats, Merger Synergies, Strong Q4 Expectations & More
Six Flags Entertainment Q3 Earnings: Revenue Beats, Merger Synergies, Strong Q4 Expectations & More
On July 1, legacy Cedar Fair and legacy Six Flags closed the merger transactions to form the new combined company Six Flags Entertainment Corporation.Six Flags Entertainment Corporation (NYSE:FUN) shares are trading higher on Wednesday.
紐交所上的六旗娛樂公司（NYSE:FUN）股價週三上漲。
The company reported third-quarter adjusted earnings per share of $2.10, missing the street view of $3.39. Quarterly sales of $1.348 billion outpaced the analyst consensus estimate of $1.339 billion.
公司報告的第三季度每股調整後盈利爲2.10美元，低於3.39美元的街頭預期。季度銷售額爲13.48億美元，超過分析師一致預期的13.39億美元。
Operating days in the quarter totaled 2,585, compared with 1,091 last year. About 1,591 of the additional operating days were contributed by the legacy Six Flags operations added in the merger.
本季度的運營天數總共爲2,585天，比去年的1,091天多。其中約1,591天的額外運營天數是由合併中增加的傳統六旗娛樂業務貢獻的。
On July 1, legacy Cedar Fair and legacy Six Flags closed the merger transactions to form the new combined company Six Flags Entertainment Corporation.
7月1日，雪松娛樂公司和六旗娛樂公司完成了併購交易，組建了新的合併公司六旗娛樂公司。
Adjusted EBITDA, which the management notes as a meaningful measure of park-level operating results, increased $170 million to $558 million.
管理層指出，調整後的EBITDA是衡量園區級運營結果的一個重要指標，增加了17000萬美元達到55800萬美元。
"While extreme weather and other operating disruptions at critical points during the third quarter impacted our financial results, consumer demand for our parks remained strong during normalized operating conditions," said Six Flags President and CEO Richard A. Zimmerman.
「儘管第三季度極端天氣和其他運營中斷對我們的財務業績產生了影響，但在正常運營條件下，消費者對我們的公園仍表現強勁，」 六旗娛樂公司總裁兼首席執行官理查德·A·齊默曼說。
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The company stated that by the end of 2024, it expects to achieve $50 million in run-rate cost synergies and is already working towards the remaining $70 million in cost savings, which it aims to realize by the end of 2025.
公司表示，到2024年底，預計實現5000萬美元的核心資產貼現成本同比增長，並已經在朝着實現剩餘7000萬美元的成本節約努力，目標是在2025年底實現。
Liquidity as of September 29 totaled $743 million, including cash on hand and available borrowings under the combined company's revolving credit facility.
截至9月29日，流動性總額爲74300萬美元，其中包括現金和合並公司循環信貸設施下可借款額。
While planning to reinvest in its parks to improve the guest experience and boost attendance, the company intends to fund these initiatives through additional cost savings across the portfolio, ensuring it retains 100% of the realized synergies.
公司計劃重新投資於其公園，以改善客戶體驗並增加入場人數，公司打算通過整個資產組合的額外成本節省來資助這些倡議，確保公司保留100%的實現的協同效應。
Based on the strength of October's performance, management now expects the combined company to be on pace to achieve fourth-quarter Adjusted EBITDA of $205 million – $215 million.
基於十月表現的強勁性，管理層現預計合併公司有望在第四季度實現20500萬至21500萬美元的調整後EBITDA。
Six Flags noted that as part of Project Accelerate, it has established a new annual unlevered pre-tax free cash flow target of at least $800 million by 2027.
six flags entertainment指出，作爲「加速項目」的一部分，該公司已設定了2027年至少達到80000萬美元的新年度稅前不設槓桿的免費現金流目標。
Price Action: FUN shares are trading higher by 9.57% to $46.62 at last check Wednesday.
股價走勢：FUN股票最近交易價上漲9.57%，至46.62美元，於上週三最後一次檢查時。
Image via Shutterstock
圖片來源：shutterstock
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譯文內容由第三人軟體翻譯。
